HUD Multifamily Rental Project Closing Documents

ICR 201711-2502-001

OMB: 2502-0598

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2018-06-12
Supporting Statement A
2018-06-28
Supplementary Document
2010-12-20
IC Document Collections
ICR Details
2502-0598 201711-2502-001
Active 201409-2502-005
HUD/OH
HUD Multifamily Rental Project Closing Documents
Revision of a currently approved collection   No
Regular
Approved without change 09/10/2018
Retrieve Notice of Action (NOA) 07/02/2018
  Inventory as of this Action Requested Previously Approved
09/30/2021 36 Months From Approved 09/30/2018
625,512 0 23,455
13,885 0 18,473
0 0 0

HUD is seeking to ammend certain Federal Housing Administration(FHA)forms to reflect current HUD policy in the area of multifamily rental projects.

US Code: 12 USC 1702-1715z-21 Name of Law: null
   US Code: 42 USC 3535(d) Name of Law: null
  
None

Not associated with rulemaking

  82 FR 41977 09/05/2017
83 FR 29815 06/26/2018
Yes

1
IC Title Form No. Form Name
HUD Multifamily Closing Documents

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 625,512 23,455 0 0 602,057 0
Annual Time Burden (Hours) 13,885 18,473 0 0 -4,588 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
This is a request for a revision of a currently approved collection and a decrease in burden hours, but an increase in respondents. Two new forms are being added to the collection, form HUD-92907M and form HUD-92908M. The Subordination Agreement- Private, form HUD-92907M, will be used in place of form HUD-92420M when private secondary financing sources will be used to finance a project. Form HUD-92420M, Subordination Agreement, will be used with public secondary financing lenders. Use of this new form is not expected to affect the total number of burden hours because the form will be used for the same purpose- to document secondary financing. Only now, half of the time the form is used will be to document financing from a public source and the other half of the time the form is used will be to document financing from a public source. The total amount of time it takes to document a secondary financing source will remain the same.

$708,128
No
    No
    No
No
No
No
Uncollected
Elizabeth Arteaga 817 978-5498 elizabeth.h.arteaga@hud.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
07/02/2018


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